Hesai Group Sponsored ADR (NASDAQ:HSAI) Receives Consensus Rating of “Buy” from Brokerages

Hesai Group Sponsored ADR (NASDAQ:HSAI) has received an average recommendation of “Buy” from the eight analysts that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $29.96.

Several analysts have commented on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Hesai Group in a research report on Monday, December 29th. BNP Paribas Exane started coverage on shares of Hesai Group in a research report on Thursday, March 26th. They issued an “outperform” rating on the stock.

Hedge Funds Weigh In On Hesai Group

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Hesai Group by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 4,106,432 shares of the company’s stock worth $91,984,000 after purchasing an additional 28,102 shares in the last quarter. Allianz Asset Management GmbH boosted its position in shares of Hesai Group by 29.1% in the 3rd quarter. Allianz Asset Management GmbH now owns 2,594,744 shares of the company’s stock worth $72,912,000 after purchasing an additional 584,468 shares in the last quarter. Schroder Investment Management Group grew its stake in Hesai Group by 17,419.6% during the 4th quarter. Schroder Investment Management Group now owns 2,065,906 shares of the company’s stock worth $46,276,000 after buying an additional 2,054,114 shares during the last quarter. Wellington Management Group LLP grew its stake in Hesai Group by 2.1% during the 4th quarter. Wellington Management Group LLP now owns 1,888,544 shares of the company’s stock worth $42,303,000 after buying an additional 38,312 shares during the last quarter. Finally, Deutsche Bank AG increased its position in Hesai Group by 124.6% during the 4th quarter. Deutsche Bank AG now owns 1,624,870 shares of the company’s stock valued at $36,397,000 after buying an additional 901,370 shares in the last quarter. 48.53% of the stock is owned by hedge funds and other institutional investors.

Hesai Group Stock Performance

Shares of NASDAQ:HSAI opened at $20.63 on Wednesday. The company has a market capitalization of $2.89 billion, a PE ratio of 51.58 and a beta of 1.46. The company has a current ratio of 3.73, a quick ratio of 3.38 and a debt-to-equity ratio of 0.03. Hesai Group has a 12-month low of $10.41 and a 12-month high of $30.85. The business’s fifty day simple moving average is $24.35 and its 200-day simple moving average is $23.80.

Hesai Group (NASDAQ:HSAI) last issued its quarterly earnings data on Saturday, February 14th. The company reported $0.16 earnings per share for the quarter. Hesai Group had a return on equity of 6.63% and a net margin of 14.47%.The firm had revenue of $143.00 million during the quarter. As a group, equities research analysts predict that Hesai Group will post -0.14 earnings per share for the current fiscal year.

About Hesai Group

Hesai Group is a technology company specializing in the development and production of advanced LiDAR (Light Detection and Ranging) sensors and perception software platforms for autonomous vehicles, robotics, industrial automation and mapping applications. The company’s core business centers on delivering high-performance, high-reliability LiDAR solutions designed to enable precise three-dimensional sensing and real-time environment perception. Hesai’s product lineup spans mechanical rotating LiDAR units, solid-state and MEMS-based sensors, as well as integrated software stacks for object detection, tracking and data fusion.

Founded in 2014 by a team of laser sensing and robotics researchers, Hesai built its reputation on improving range, resolution and reliability of LiDAR systems while driving down cost and size.